Buy Here Pay Here Dealer

[Craash]

My wife has a recently divorced friend who is a mess. She just had her car repo'ed today while at work.

Anyway, partly to keep my wife from becoming her taxi driver I'm putting feelers out for anyone that might know/own/work at a car place that caters to those with worse than bad credit and is less buzzardly than normal.

I'm of the opinion she hasn't hit bottom yet and won't turn things around until she does but she's deep into Lindsay Mode denial. The tough thing is she has two kids and the dad is threating to take her back to court to try and take away her custoday . . . . so my wife is struggling with it.

Any leads?


fire/aids tree/antifreeze/piihb/gaz

[DaKCMan AP]

pics?

[Craash]

pics?


Damn, I missed that one.

She USED to be hot.

[FlaChief58]

First of all, why would anyone want to finance a car for her when you describe her as someone who is less than responsible?

Secondly, the kids may actually be better off with the dad

[Craash]

First of all, why would anyone want to finance a car for her when you descride her as someone who is less than responsible?

Secondly, the kids may actually be better off with the dad

I don't disagree with any of this.

[TribalElder]

http://www.metcalfautoplaza.com/

Saw their commercial once.
It's a starting point I guess

[Saul Good]

Tell her to buy a $500 car that will last her a few months. Going to a buy here pay here lot is a recipe for disaster.

[SAUTO]

Tell her to buy a $500 car that will last her a few months. Going to a buy here pay here lot is a recipe for disaster.

This. Buy a cheap fucking car and limp that fucker through for a while
Posted via Mobile Device

[Dr. Gigglepants]

Tell her to buy a $500 car that will last her a few months. Going to a buy here pay here lot is a recipe for disaster.

100% This. Sounds like a bad idea to go to one of those places now. Unless you're trying to help her reach rock bottom.
Posted via Mobile Device

[threebag]

Tell her to buy a $500 car that will last her a few months. Going to a buy here pay here lot is a recipe for disaster.

This all day. Unless she is willing to work it off in trade.

[hometeam]

Buy here pay here is a nightmare in most cases. That being said, if she is a 590 or so a regular bank/dealership will get her bought. I have seen 470s get bought under the right circumstances. I would exhaust every avenue of traditional financing before getting interest bombed by a buy here pay here lot.

[Easy 6]

If she's that bad, she'll likely need atleast 2k down and be prepared to pay crazy (15-20%) interest.

If thats the route she goes, just make double sure that they report to the credit bureau, so she can atleast start building better credit after biting the high interest bullet... many of those places dont report.

[Saul Good]

If she's that bad, she'll likely need atleast 2k down and be prepared to pay crazy (15-20%) interest.

If thats the route she goes, just make double sure that they report to the credit bureau, so she can atleast start building better credit after biting the high interest bullet... many of those places dont report.

If she's got $2000 to put down, she should just buy a $1500 car and set $500 aside for repairs.

[Mr. Flopnuts]

If she couldn't make the payment how can she make the down?

[KurtCobain]

How has she not hit rock bottom? This sounds pretty bottom.

[Easy 6]

If she's got $2000 to put down, she should just buy a $1500 car and set $500 aside for repairs.

$1500 for a car these days, is almost wasted money.

You can get lucky and find a real gem once in a while, but in most instances they're not even worth driving, just a perpetual drag on the pocketbook.

Its usually better to pony up and get something as new and nice as possible.

[Bugeater]

Tell her to get her life together and then she can worry about a car.

[SAUTO]

$1500 for a car these days, is almost wasted money.

You can get lucky and find a real gem once in a while, but in most instances they're not even worth driving, just a perpetual drag on the pocketbook.

Its usually better to pony up and get something as new and nice as possible.
I disagree
Posted via Mobile Device

[Saul Good]

$1500 for a car these days, is almost wasted money.

You can get lucky and find a real gem once in a while, but in most instances they're not even worth driving, just a perpetual drag on the pocketbook.

Its usually better to pony up and get something as new and nice as possible.

You can get a year out of a $1500 car if you budget $500 for repairs. She will wind up paying more than that in interest in the first year if she takes out a high interest loan.

[Bugeater]

I disagree
Posted via Mobile Device
The reason you disagree is because you have the skills required to keep an old POS running.

[KurtCobain]

Tell her to get her life together and then she can worry about a car.

lol. Wtf, a car isn't a luxury.

[hometeam]

cash for clunkers destroyed the bottom end of the used car market, it drove up prices from the low end up.

This is my business day in and day out, that 1500 dollar car is gonna be a big POS in MOST CASES.

That being said I'm driving a 225k mile civic every day that I bought a couple years back for 1800 bucks.

YMMV.

[SAUTO]

The reason you disagree is because you have the skills required to keep an old POS running.

Not true. I buy cars quite often from people.

Bought a 93 Taurus with 30,000 original miles for two hundred bucks a couple months ago. Guy was 100. Family didn't want him driving.

Sold it for 1500 and those people have had absolutely no issues.

Bought a 99 neon for three hundred, sold it for a grand. No problems in a year. Well nothing major.


Bought a 97 Olds 88 with a blown motor, put in an engine, had seven in it. Sold out for two thousand. That was nine months ago.
Posted via Mobile Device

[Saul Good]

Let me know what she needs and how much she has to spend in cash (if any) and I can probably get her something that will run reasonably well.

[Bugeater]

lol. Wtf, a car isn't a luxury.
It's possible to get by without one.

[KurtCobain]

It's possible to get by without one.

Not with small kids. and how do you get to work if you don't live by a busstop? How do you get the kids to day care/ School?

[KurtCobain]

McDonalds won't even give you a job without having a licenced car, unless you can prove your mom or roommate had one and is willing to drive you everyday.

[KurtCobain]

And how exactly did this Bitch get to the point where car got repoed? Sickens me the people that sit around and let that happen. You have a car, which means you have a legit shot at making money everyday even if you don't have a job. Between scrapping metal, doing errands for people and day to day temp services, nobody with a working vehicle should be broke enough to lose it.

[Saul Good]

http://www.chiefsplanet.com/BB/showthread.php?t=201438

Here's an interesting thread in a similar vein.

[burt]

And how exactly did this Bitch get to the point where car got repoed? Sickens me the people that sit around and let that happen. You have a car, which means you have a legit shot at making money everyday even if you don't have a job. Between scrapping metal, doing errands for people and day to day temp services, nobody with a working vehicle should be broke enough to lose it.

Judgmental much? Damn, you got all this shit figured out!

[Bugeater]

Not with small kids. and how do you get to work if you don't live by a busstop? How do you get the kids to day care/ School?
Find a job closer to home, or a home closer to your job. School? I see these big slow-ass yellow things called school buses on the streets all the time.

[Bwana]

Tell her to buy a $500 car that will last her a few months. Going to a buy here pay here lot is a recipe for disaster.

Without a doubt. If she goes to one of those hack outfits, she will end up paying 3k for a $500 car by the time the dust settles.

[KurtCobain]

Judgmental much? Damn, you got all this shit figured out!

The OP pretty much threw the opinion of this lady under the bus. There's no excuse for these people.

[Valiant]

Yeah. She could buy a beater to last a year or two for under 2grand. But she needs someone trusty to buy/inspect and keep it running. But that is the problem.

[El Jefe]

cash for clunkers destroyed the bottom end of the used car market, it drove up prices from the low end up.

This is my business day in and day out, that 1500 dollar car is gonna be a big POS in MOST CASES.

That being said I'm driving a 225k mile civic every day that I bought a couple years back for 1800 bucks.

YMMV.

I agree 100%, I have bought many cars in my young life, and in this economy you will be lucky to be able to find a running car for a thousand bucks. Jason, I hear what you're saying and I believe you, but in my area that is highly unlikely. I go to auctions and check CL and the paper, you will only find a solid car for a thousand bucks if you are in the right place at the right time. I have bought to cars for under a grand, they needed many repairs.

[Bugeater]

I agree 100%, I have bought many cars in my young life, and in this economy you will be lucky to be able to find a running car for a thousand bucks. Jason, I hear what you're saying and I believe you, but in my area that is highly unlikely. I go to auctions and check CL and the paper, you will only find a solid car for a thousand bucks if you are in the right place at the right time. I have bought to cars for under a grand, they needed many repairs.
Yep, a while back I was looking at $1000 cars for my son. Out of the 20-25 I looked at, I only saw one that I would even consider letting him park in front of my house. They were that bad. You pretty much have to get up to at least the $2000 range for something decent.

[Brock]

Those gypsies will take her money and keep the car.

[REDHOTGTO]

as a former car salesman and finance man for 18 years tell her to take her tax return if she gets one and buy a cheap car from craigslist from an individual. stay with a buick, olds, chevy something with a 3800 v6 they are real reliable and cheap with some miles on them. shemay have to buy a car a year but its still better than making a payment on something that will never last out the loan from a buy pay dealer. she can also carry liability on it and save more that way too so its a win win. hope this helps
goat

[J Diddy]

Just curious how much she owed on the previous car and why won't they work something out with her? How much was she behind on payments? I've been in a bad spot with a car loan before but I've always worked it out ahead of time. However, I've had friends who have had vehicles repoed and worked it out with the bank the next day.

I'm also wondering if she was that far behind that she couldn't afford to make them up, how is she going to make a down, get tags, insurance, and then monthly payments?

[LiveSteam]

My wife has a recently divorced friend who is a mess. She just had her car repo'ed today while at work.

Anyway, partly to keep my wife from becoming her taxi driver I'm putting feelers out for anyone that might know/own/work at a car place that caters to those with worse than bad credit and is less buzzardly than normal.

I'm of the opinion she hasn't hit bottom yet and won't turn things around until she does but she's deep into Lindsay Mode denial. The tough thing is she has two kids and the dad is threating to take her back to court to try and take away her custoday . . . . so my wife is struggling with it.

Any leads?


fire/aids tree/antifreeze/piihb/gaz

Heh.
Tell your wife to stay out it. Kid or kids sound like they would be better off with the father.
Even if he smokes pot & kills squirrels.

[KurtCobain]

Smoking pot and killing squirrels is the new drinking tea and reading a book.

[LiveSteam]

Smoking pot and killing squirrels is the new drinking tea and reading a book.

Huckleberry Finn

[SAUTO]

I agree 100%, I have bought many cars in my young life, and in this economy you will be lucky to be able to find a running car for a thousand bucks. Jason, I hear what you're saying and I believe you, but in my area that is highly unlikely. I go to auctions and check CL and the paper, you will only find a solid car for a thousand bucks if you are in the right place at the right time. I have bought to cars for under a grand, they needed many repairs.
Auctions are the problem...

Can't believe you aren't getting the same/BETTER deals with the nature of your business
Posted via Mobile Device

[GloryDayz]

Can she change a tire?

http://www.worldofstock.com/slides/TRC4775.jpg

[LiveSteam]

Bitch needs to ride the bus right to the bottom.

[LiveSteam]

Can she change a tire?

http://www.worldofstock.com/slides/TRC4775.jpg

She's kinda funny looking.

edit. Her face has angels like a stealth fighter

[GloryDayz]

She's kinda funny looking.

edit. Her face has angels like a stealth fighter

Oh OK, I'd suffer through that sexual experience I guess!

[KurtCobain]

I thought that was a badass tattoo on her knee at first

[LiveSteam]

I thought that was a badass tattoo on her knee at first

She has nice pink toe nails.

[LiveSteam]

Oh OK, I'd suffer through that sexual experience I guess!

As would I

[GloryDayz]

She has nice pink toe nails.

And a running car too...

[KurtCobain]

She has nice pink toe nails.

I wonder if she stands up when she paints her toenails.

[LiveSteam]

And a running car too...

Depending on what kind of car that is? The car could be hotter

[GloryDayz]

I wonder if she stands up when she paints her toenails.

Of course....it's a rule...

[LiveSteam]

I wonder if she stands up when she paints her toenails.

I cant touch my toes anymore

[GloryDayz]

Depending on what kind of car that is? The car could be hotter

Perhaps it was this, then she touched it, IDK... I'd let her touch me to see if it changes anything...

http://www.albany.ga.us/images/junk-car-web.jpg

[LiveSteam]

Perhaps it was this, then she touched it, IDK... I'd let he touch me to see if it changes anything...

http://www.albany.ga.us/images/junk-car-web.jpg

FYP man

[LiveSteam]

Hurry before anyone sees

[GloryDayz]

I cant touch my toes anymore

There's hope..

http://www.belicove.com/archives/beliblog/MikalPedicure2.jpg

[GloryDayz]

FYP man

LOL, done..

[LiveSteam]

LOL, done..

:p

[GloryDayz]

Did somebody get the girl a car?

[J Diddy]

Did somebody get the girl a car?

I heard Gochiefs gave her a ride.

[GloryDayz]

I heard Gochiefs gave her a ride.

She's gonna need another car seat!

[mdstu]

I agree 100%, I have bought many cars in my young life, and in this economy you will be lucky to be able to find a running car for a thousand bucks. Jason, I hear what you're saying and I believe you, but in my area that is highly unlikely. I go to auctions and check CL and the paper, you will only find a solid car for a thousand bucks if you are in the right place at the right time. I have bought to cars for under a grand, they needed many repairs.

Same here in Cincinnati. I spent the last three years trying to upgrade my two POS cars. Its definitely been a sellers market since the "cash for clunkers" program. If it's less than 20 y/o, less than 200k mileage, and runs, $2000 probably won't cut it.

[Titty Meat]

This thread is pretty interesting because my car has been a money pit and fucked up again on Christmas and I was thinking about going to a buy here pay here place.

[El Jefe]

Auctions are the problem...

Can't believe you aren't getting the same/BETTER deals with the nature of your business
Posted via Mobile Device

Yeah auctions are a big issue, but the car market is saturated with junk that people think is worth something. Two years ago I bought a Supercharged 97 Riviera with a bad transmission for $400. I was thrilled, I figured I would have $500 or $600 into it (total of a grand) and sell it for 1500. Needless to say I have almost 3 grand into it now, and I will keep it until I get my moneys worth. Everyone in this area thinks that even though they car is broken that they can get top dollar, and a lot of idiots are paying high numbers on Craigs List. I had a chance to buy a 97 Jeep Grand Cherokee yesterday, it had 150K miles on it, it needed a cat. converter, transmission had internal issues, the tires were shot, and both pinion seals were leaking. That right there is $1200 at least (my cost), I figured if I could get the car for $500 I would still have some meat left. She tells me she has done some looking and has found cars like hers selling for $2500-$3000.00, I said, I believe that if they are in good running order which yours isn't. So I asked her again how much she wanted and she says "I won't take a dime under $1500". I told her that we were worlds apart, and that I would buy it for $500, she said that it was worth "at least $1500". Sometimes these interactions remind me of Pawn Stars, how people come in and want triple the value of their items (sometimes junk).

[FAX]

Dear Mr. Craash:

In a case of this nature, I suggest you consider contacting your local churches. Here in Nashville, cars are donated to churches all the time (I, myself, have done it). The donor is allowed a tax deduction and the church can use the vehicle for any number of purposes including giving said automobile to a person in need of transportation. For example, if it weren't for this system, many of the Lost Boys who relocated to Nashville would never have had a job or gone to school because they never would have had transportation. I'm sure other cities have similar programs.

Just an idea and probably worth a day of phone calls to local churches.

FAX

[Bob Dole]

Buy Here Pay Here is legalized loan sharking. Of all the shit people worry about Uncle Sugar "fixing" for them, this should be on the top of the list. But it's not even on the radar because as a group, they have their lobbying shit together.

Bob Dole could go to one of many pawn shops locally and buy a $1500 vehicle that would last for at least a year. The trick to getting out of the hole is that she's going to have to make a monthly "car payment" to herself to a dedicated account so if/when it requires a repair that's not feasible, she has the money to replace it.

[R8RFAN]

Cash for clunkers killed all the good used cars and jacked up the prices on the junk left....

[R8RFAN]

Payday Loans, Buy Here Pay Here places, Tv rental centers are parasites that prey on the poor. Total scumbags.

[scho63]

Here's how you help her with a simple "Ten Step" program and you at the same time:

Step one: Set up a private room in your house

Step two: Put ad up on Chiefs Planet, Eros and Craigslist for her services at $300 per hour

Step three: Let her do her thing 6 times a day for one week. $1,800 a day x 5 days = $9,000

Step four: Give her $6,000, you keep $3,000

Step five: She gives you a "freebie" for helping her out

Step six: She buys her car

Step seven: Kick her out and disinfect the room

Step eight: Start thread on CP bragging about your recent business success

Step nine: Post photos on CP

Step ten: Draft Geno Smith

This looks like a winning formula to me! :D

[ChiliConCarnage]

move step 5 up to step 2.

[El Jefe]

Buy Here Pay Here is legalized loan sharking. Of all the shit people worry about Uncle Sugar "fixing" for them, this should be on the top of the list. But it's not even on the radar because as a group, they have their lobbying shit together.

Bob Dole could go to one of many pawn shops locally and buy a $1500 vehicle that would last for at least a year. The trick to getting out of the hole is that she's going to have to make a monthly "car payment" to herself to a dedicated account so if/when it requires a repair that's not feasible, she has the money to replace it.

Maybe if you were lucky.

[Lzen]

as a former car salesman and finance man for 18 years tell her to take her tax return if she gets one and buy a cheap car from craigslist from an individual. stay with a buick, olds, chevy something with a 3800 v6 they are real reliable and cheap with some miles on them. shemay have to buy a car a year but its still better than making a payment on something that will never last out the loan from a buy pay dealer. she can also carry liability on it and save more that way too so its a win win. hope this helps
goat

ROFL

[Dayze]

my 2nd car I bought for $700; 85 Camry back in 96. 275k miles; returned from my Navy A-School and drove it out to California. back in the pre-cell phone days, I can't believe I made that trip alone lol.

but yeah as someone mentioned, the cash for clunkers killed a good used car market.

[Bob Dole]

Maybe if you were lucky.

You know, if Bob Dole wasn't saving to buy a tractor, he'd be seriously tempted to accept that challenge. :)

[El Jefe]

ROFL

The 3.8 motor is a great motor. I have had a 2000 Buick LeSabre that I bought at 72k miles and took it to over 200k before I sold it, not a single issue outside of brakes, tires, general maint. They are pretty good cars if you get them with low mileage.

[El Jefe]

You know, if Bob Dole wasn't saving to buy a tractor, he'd be seriously tempted to accept that challenge. :)

That's hilarious, I am too. What are you trying to buy? I'm looking for either a good old Farmall, or a Ford 8N.

[Bob Dole]

That's hilarious, I am too. What are you trying to buy? I'm looking for either a good old Farmall, or a Ford 8N.

Just something with a bucket that will handle a bush hog. BIL called yesterday and found a JD 750 for $3600 that has Bob Dole's attention. Bob Dole is going to defer to said BIL's trained JD mechanic expertise and 25+ years of farming experience to select the correct tool. Bob Dole doesn't know shit about tractors.

[burt]

5 years ago...I found a 98 Mazda 626 with 190k for $1350. Drove it everyday until 2 months ago. It died. Immediately replaced it with a 2000 Eclipse, 175k...that was hit on every corner except Metcalf and 75th st. Looks great from 10 feet, drives out nice. $2000.00. I hope the Eclipse lasts as good as the Mazda! In both cases...I had to kiss a few frogs..... And I am a trained professional!
I could have kept to a budget of $1500 easily, with a little time, but I don't believe it would have looked as good from 10 feet away!(and I do plan to be dating...a decent car is a must!)

[Craash]

No car yet. I picked her up from work and took her home last night. As far as buying a $1500 car, she says she has $200 in her checking so thats not an option. I know the BHPH car lots are a terrible option (generally) but it might be the only option this woman has left.

[Craash]

How has she not hit rock bottom? This sounds pretty bottom.

I consider rock bottom to be the point where you realize your actions are responsible for the mess you are in and you have the internal growth that allows you to change your bad choices and start crawling out of the hole you created.

In her mind, she just keeps having bad luck and none of it is her fault.

[Craash]

Let me know what she needs and how much she has to spend in cash (if any) and I can probably get her something that will run reasonably well.

PM Sent.

[burt]

I consider rock bottom to be the point where you realize your actions are responsible for the mess you are in and you have the internal growth that allows you to change your bad choices and start crawling out of the hole you created.



This is where I currently live!

[burt]

she says she has $200 in her checking so thats not an option.

BHPH is probably NOT an option either....

[Craash]

BHPH is probably NOT an option either....

I'm afraid you are likely correct.

[burt]

I only base my opinion on 24 years of car sales...Oh, wait...that's longer than Argo has been alive!!

[Dayze]

probably a last resort.

but if she absolutely must/can, stay the F away from the dealership there off of Bannister road...can't remember the name.

I've read VERY bad reviews of that place.

[KurtCobain]

I only base my opinion on 24 years of car sales...Oh, wait...that's longer than Argo has been alive!!

I respect your opinion and am not trying to argue with you... But...

What do car sales have to do with this woman being a lazy miserable pos and a drag on society and her kids? Or did you miss my point?

[Stewie]

probably a last resort.

but if she absolutely must/can, stay the F away from the dealership there off of Bannister road...can't remember the name.

I've read VERY bad reviews of that place.

Neil's Finance Plaza. This is an older article, but I hear nothing has changed.

Repo Men

by Allie Johnson

Jimmie Brockman says Neil's Finance Plaza took him for a ride.

Jimmie Brockman was working as a warehouse supervisor in Kansas City, Kansas, when his fifteen-year-old son called to say he'd found a car he wanted to buy.

The teenager said he had seen an ad in the Thrifty Nickel for Neil's Finance Plaza that promised "Just $59 down and you drive away." But the Brockmans' car purchase in February 2000 wasn't nearly that easy.

Brockman expects to face the dealership in court for a second time this August.

When Brockman and his son were car shopping, he thought of Neil's Finance Plaza as just another car dealership -- despite the fact that its advertising clearly targets consumers in dire financial situations. In late-night TV commercials, folks who appear to have led hard lives praise Neil's for putting them in cars when no one else would. An ad in the Yellow Pages proclaims "WE FINANCE" and promises incredibly low down payments. The dealership also sells Christianity -- on the car lot, salespeople comfort distressed customers by telling them God will provide for them. The bottom of the Yellow Pages ad reads, "We Thank The Lord Jesus For Allowing Our Business To Prosper: To Him Be The Glory!"

Brockman's son, Marcus, was weeks away from his birthday and had lined up an after-school job at a Chuck E. Cheese pizza parlor. He would make just enough to pay for his own wheels.

After work, Brockman drove to the dealership on Bannister Road. There, Marcus showed him a 1993 Pontiac Grand Am with more than 100,000 miles on it.

Brockman could have been a more wary shopper. But he says he was exhausted from all the overtime at his job. After talking payments with a sales manager, he said OK. He figured his son could afford $120 every two weeks.

A Neil's Finance Plaza employee ushered Brockman into an office, produced reams of paperwork and pressured him to sign quickly. "She told me I could read it another time, later," Brockman would later testify in court. He closed the deal, then stuck the paperwork in the glove box.

When he did read the documents, Brockman was stunned. He knew that the car's Kelley Blue Book value was about $4,500, but the documents showed a purchase price of double that -- $9,395. With his $100 down payment and a 19 percent interest rate, Brockman was going to end up paying $13,475 for a car that would probably break down in a couple of years.

Since the dealership hadn't signed over the title to him, Brockman took the car back, offering to pay fair market price. The dealership refused, so he signed a release, left the car and figured that would be the end of his interaction with Neil's.

A few months later, Brockman was at work when a man served him with legal papers and said, "You're being sued by Regency Financial Corporation" -- the financing arm of Neil's.

The breach-of-contract lawsuit claimed that Brockman owed Regency $4,712. The company had been able to "sell" the car back to Neil's, but, according to its lawsuit, "The proceeds of the sale were insufficient." Regency threatened to damage Brockman's credit and garnish his wages.

Jackson County Court records show that Neil's has filed more than 2,000 such lawsuits in the past five years.

http://www.pitch.com/kansascity/repo-men/Content?oid=2169505

[Valiant]

Just something with a bucket that will handle a bush hog. BIL called yesterday and found a JD 750 for $3600 that has Bob Dole's attention. Bob Dole is going to defer to said BIL's trained JD mechanic expertise and 25+ years of farming experience to select the correct tool. Bob Dole doesn't know shit about tractors.

My uncle just restored some old 50s or 60s tractor back to factory.

See if I can find pic or actual make.

[Dayze]

yep; that's the place I was thinking of. I had a co-worker years back go through them. very similar situation. she was recently divorced, out on her own etc; Divorce took its toll financially etc.

She ended up with an older Cavalier; ended up looking at the ammortization schedule and showing that she will have paid nearly double. 30 days later, the transmission was slipping, then ultimately failed. she was stuck with payments, on a car she couldn't afford to fix.

luckily, someone we worked with had an older car that used to be their sons, and they basically donated it to her. but she was still making payments for, I want to say, like 7 years.

[LiveSteam]

No car yet. I picked her up from work and took her home last night. As far as buying a $1500 car, she says she has $200 in her checking so thats not an option. I know the BHPH car lots are a terrible option (generally) but it might be the only option this woman has left.

Dude you are not helping her in the long term.

http://www.lightrailnow.org/images02/kc-bus-brt-cross-btw-lrt-n-bus.jpg


http://hoopedia.nba.com/images/4/44/Converse_all-stars.jpg

[Dayze]

lol @ the Converse.

[Craash]

Dude you are not helping her in the long term.

http://www.lightrailnow.org/images02/kc-bus-brt-cross-btw-lrt-n-bus.jpg


http://hoopedia.nba.com/images/4/44/Converse_all-stars.jpg


The only thing I'm trying to do is keep her from turning my wife into a taxi with her sob story.

[burt]

I respect your opinion and am not trying to argue with you... But...

What do car sales have to do with this woman being a lazy miserable pos and a drag on society and her kids? Or did you miss my point?

Nothing...I was commenting on her lack of vehicle. as far as her being a "a lazy miserable pos and a drag on society and her kids" ....folks get themselves in binds...sometimes the solution is NOT that easy to find....I'd be damned if I could pass judgement on her.........or just about anyone..... But YOU, seem quick to do so.

[TLO]

$1500 for a car these days, is almost wasted money.

You can get lucky and find a real gem once in a while, but in most instances they're not even worth driving, just a perpetual drag on the pocketbook.

Its usually better to pony up and get something as new and nice as possible.

I agree with Jason and also disagree with this statement.

[TLO]

No car yet. I picked her up from work and took her home last night. As far as buying a $1500 car, she says she has $200 in her checking so thats not an option. I know the BHPH car lots are a terrible option (generally) but it might be the only option this woman has left.

My father and I have bought 5 cars over the years as police tow auctions. Granted, 4 out of the 5 needed a bunch of work, which we were able and happy to do ourselves. Though the first car I ever owned, we bought at a police auction when I was 16 in 2006. 1989 Ford Crown Victoria. Bought it for $225, and it ran like a champ. That big ass boat was completely worthless in the snow, fishtailed everywhere in the rain, had a 5.0 V8 that got like 14mpg, but the interior was super clean, and most importantly, it ran. Good memories with that car

[Brock]

Sounds like giving up the kids is a good idea, especially for them.

[El Jefe]

My father and I have bought 5 cars over the years as police tow auctions. Granted, 4 out of the 5 needed a bunch of work, which we were able and happy to do ourselves. Though the first car I ever owned, we bought at a police auction when I was 16 in 2006. 1989 Ford Crown Victoria. Bought it for $225, and it ran like a champ. That big ass boat was completely worthless in the snow, fishtailed everywhere in the rain, had a 5.0 V8 that got like 14mpg, but the interior was super clean, and most importantly, it ran. Good memories with that car

Good luck with that now. I should preface that by saying that I am talking about my area. I don't care how well you know cars, in my area you would be lucky to find anything that was driveable on the freeway for under $1500. I have bought over 30 cars in the last 3 years from individuals, craigslist, referrals, customers, auctions, and I have only lucked into 2 cars that I got cheap and ended up being able to flip them fast with a minimal investment. If it is really that easy for you to find cheap well running cars you would be a fool not to take advantage of that and flip as many as you can IMO.

[KurtCobain]

Nothing...I was commenting on her lack of vehicle. as far as her being a "a lazy miserable pos and a drag on society and her kids" ....folks get themselves in binds...sometimes the solution is NOT that easy to find....I'd be damned if I could pass judgement on her.........or just about anyone..... But YOU, seem quick to do so.

I was also commenting on her lack of a vehicle, that I don't understand how this happened. She apparently had a job, so why just let her car get repoed like that? You don't just suddenly have a bill like that and have your car dragged away in a single day. While she had the car she should have done everything in her power to raise the funds to keep the car. Instead, she knows she can rely on the OPs wife, and that's inexcusable. If she can't get her head out of her ass she needs to let someone else care for the children. Kids don't need to sit there and watch their mom cry while the car is being towed away. They need to have a mom who sets an example by chasing afterthe damn car and keeping things in order. There's too many damn resources out there to live like that.

[TLO]

Good luck with that now. I should preface that by saying that I am talking about my area. I don't care how well you know cars, in my area you would be lucky to find anything that was driveable on the freeway for under $1500. I have bought over 30 cars in the last 3 years from individuals, craigslist, referrals, customers, auctions, and I have only lucked into 2 cars that I got cheap and ended up being able to flip them fast with a minimal investment. If it is really that easy for you to find cheap well running cars you would be a fool not to take advantage of that and flip as many as you can IMO.

The Crown Vic was really the exception. We bought it for $225, I drove it for a year, ended up selling it for $1200. We bought a 94 Honda for $500 put a new transmission in it, and sold it for $1700. A 94 Talon we bought for $125 which needed a motor and transmission. The AWD and turbo were both good, so we dumped a grand into it and I drove it for 2 years beforre selling it for $2200.

I have always had good luck buying cars cheap and then turning around and selling them for profit. But no way could I do it without my father, not to mention it takes a lot of time to get some of these cars back in running order. Once again I go back to saying the Crown Vic was really the only exception in terms of minimal time and investment.

[Easy 6]

I agree with Jason and also disagree with this statement.

I should've clarified, i meant when buying from a dealer.

Yeah, if your careful you can get a decent little ride for 1500.

[El Jefe]

The Crown Vic was really the exception. We bought it for $225, I drove it for a year, ended up selling it for $1200. We bought a 94 Honda for $500 put a new transmission in it, and sold it for $1700. A 94 Talon we bought for $125 which needed a motor and transmission. The AWD and turbo were both good, so we dumped a grand into it and I drove it for 2 years beforre selling it for $2200.

I have always had good luck buying cars cheap and then turning around and selling them for profit. But no way could I do it without my father, not to mention it takes a lot of time to get some of these cars back in running order. Once again I go back to saying the Crown Vic was really the only exception in terms of minimal time and investment.


"They be like Tech N9ne he crazy huh", sorry I had to say that, everytime I see your picture I think of that song.

[Titty Meat]

She should check out KIA if she makes 250 or more a week they guarantee financing. My car broke down the other day spoke to KIA today going to look into buying a used car from them. I did some research those buy here pay here are huge ripoffs.

[Demonpenz]

Ahh captain-save-a-ho. If it was a man we wouldn't be doing jack shit exept for telling him to get a job, but cause she has a sometimes wet hole we want to help her.

[burt]

Ahh captain-save-a-ho. If it was a man we wouldn't be doing jack shit exept for telling him to get a job, but cause she has a sometimes wet hole we want to help her.

Actually...not so much. But we do want to discuss it!

[Craash]

Ahh captain-save-a-ho. If it was a man we wouldn't be doing jack shit exept for telling him to get a job, but cause she has a sometimes wet hole we want to help her.


Um, pretty much not. But thanks for playing.

[Craash]

I was also commenting on her lack of a vehicle, that I don't understand how this happened. She apparently had a job, so why just let her car get repoed like that? You don't just suddenly have a bill like that and have your car dragged away in a single day. While she had the car she should have done everything in her power to raise the funds to keep the car. Instead, she knows she can rely on the OPs wife, and that's inexcusable. If she can't get her head out of her ass she needs to let someone else care for the children. Kids don't need to sit there and watch their mom cry while the car is being towed away. They need to have a mom who sets an example by chasing afterthe damn car and keeping things in order. There's too many damn resources out there to live like that.

Once more, I don't disagree.

[DrunkBassGuitar]

Buy here pay here is a nightmare in most cases. That being said, if she is a 590 or so a regular bank/dealership will get her bought. I have seen 470s get bought under the right circumstances. I would exhaust every avenue of traditional financing before getting interest bombed by a buy here pay here lot.

Can a 590 really get a car loan, because that's where I'm at. Almost all of my bad credit comes from struggling to pay off my college loans (went through a period of shitty paying jobs and couldn't afford the nearly $600/mo in payments) and not having any other credit. I'm going to need a car, I could afford the higher interest payments but I'd rather pay 7% interest than 20%

[hometeam]

Can a 590 really get a car loan, because that's where I'm at. Almost all of my bad credit comes from struggling to pay off my college loans (went through a period of shitty paying jobs and couldn't afford the nearly $600/mo in payments) and not having any other credit. I'm going to need a car, I could afford the higher interest payments but I'd rather pay 7% interest than 20%

Yes, it will likely be from a sub prime lender, and not EVERY 590 can get a car loan, as there is more that goes into it than just a score.

Bring everything you can to the table, money down especially. Time on job, low debt to income, not a boatload of debt, good payment history with at least 1 lender, even if you have missed other payments. Any/all of these things will help you get bought. You also need to pick the right car, consider things like a total cost of 10k or less, but something with decent miles. You might have to buy a 60k mile cobalt or Focus or something, with not alot of options, but its about the bank being secure, and they like newer cars with lower miles better.

Like I said, I have seen scores in the 400s bought before under the right circumstances.

[DrunkBassGuitar]

Yes, it will likely be from a sub prime lender, and not EVERY 590 can get a car loan, as there is more that goes into it than just a score.

Bring everything you can to the table, money down especially. Time on job, low debt to income, not a boatload of debt, good payment history with at least 1 lender, even if you have missed other payments. Any/all of these things will help you get bought. You also need to pick the right car, consider things like a total cost of 10k or less, but something with decent miles. You might have to buy a 60k mile cobalt or Focus or something, with not alot of options, but its about the bank being secure, and they like newer cars with lower miles better.

Like I said, I have seen scores in the 400s bought before under the right circumstances.

something with between 50k and 100k made in the last 8 or so years is what I would like if it's reliable. how much does income play into the loan decision, because (not wanting to brag) I make good money (about $18.50/hr). i don't have any repos or leins or bankruptcies, just not much credit and what I do have ain't so good. all of my debt comes from my student loans, but there is a lot of it (around 50k total).

[hometeam]

something with between 50k and 100k made in the last 8 or so years is what I would like if it's reliable. how much does income play into the loan decision, because (not wanting to brag) I make good money (about $18.50/hr). i don't have any repos or leins or bankruptcies, just not much credit and what I do have ain't so good. all of my debt comes from my student loans, but there is a lot of it (around 50k total).

Well debt to income can be a deal breaker in some cases. When I bank looks at your DTI they look at your current monthly outgo versus your gross income. If your making 18.50 your making roughly 3330 a month (x40/x4.5) Your monthly bills (this includes things like your rent, and any debt payments not things like your electric bill etc) determine your DTI. All banks have different debt to income requirements but the lower the better obviously. You can't forget that they will also look at the new incoming car payment when determining loan factors too, so that goes back to choosing the right car (right year to get an acceptable term/payment option) There are lots of things that go into that loan decision like I mentioned before. Banks have different combinations which work for them, but basically they look at DTI, Score, total debt, and some banks things like time on job or time at address. They then assign you a tier based on that score, and what tier you end up in decides what kind/amount of loan you can get, if any.

[DrunkBassGuitar]

Well debt to income can be a deal breaker in some cases. When I bank looks at your DTI they look at your current monthly outgo versus your gross income. If your making 18.50 your making roughly 3330 a month (x40/x4.5) Your monthly bills (this includes things like your rent, and any debt payments not things like your electric bill etc) determine your DTI. All banks have different debt to income requirements but the lower the better obviously.

To add on to that, there are lots of things that go into that loan decision like I mentioned before. Banks have different combinations which work for them, but basically they look at DTI, Score, total debt, and some banks things like time on job or time at address. They then assign you a tier based on that score, and what tier you end up in decides what kind/amount of loan you can get, if any.

cool thanks, that clears a lot of things up for me.

[burt]

cool thanks, that clears a lot of things up for me.

Down Payment will also help you greatly. That is why I said the OP lady can't even use BHPH. Most likely a BHPH will require at least $1000 down. Down payment will put you into a better equity position so the bank won't be at as much risk...thereby increasing the desire to lend.